Disputes between the Contracting Parties. (1) Disputes between the contracting parties relating to the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels. (2) If both contracting parties fail to reach a settlement within six months from the date on which the dispute has arisen, the latter shall be submitted, at the request of either contracting party to an arbitral tribunal composed of three members. each Contracting Party shall appoint an arbitrator. the two arbitrators so nominated shall appoint a chairman who shall be a national of a third State. (3) If one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other contracting party to make such appointment within two months of the arbitrator shall be appointed, upon request by the latter Contracting Party by the President of the International Court of Justice. (4) If the two arbitrators cannot reach an agreement about the choice of the Chairman within two months after their appointment the latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice. (5) If in the cases specified under paragraphs (3) and (4) of this article, the President of the International Court of Justice is prevented from carrying out this function or if he is a national of either Contracting Party, the appointment shall be made by the Vice-President and if the latter is prevented or if he is a national of either Contracting Party, they will be made by the most senior member of the Court who is not a national of either of the Contracting Parties. (6) Unless the Contracting Parties decide otherwise, the tribunal shall determine its own procedure. (7) The decisions of the Tribunal are final and binding on the contracting parties.
Appears in 4 contracts
Samples: Investment Agreement, Investment Agreement, Investment Agreement
Disputes between the Contracting Parties. (1) . Disputes between the contracting parties relating to concerning the interpretation or application of the provisions of this Agreement present Convention lasdisposiciones, shall be settled through diplomatic channels.
(2) . If both the contracting parties fail to cannot reach a settlement an agreement within six months from of the date on which iniciode the dispute has arisen, the latter shall be submitted, at the request of either contracting party to an arbitral tribunal composed of three members. each Contracting Party shall appoint an arbitrator. one arbitrator and the two arbitrators so nominated thus appointed shall appoint a chairman the Chairman of the Tribunal who shall be a national of a third State.
(3) . If one of the Contracting Parties has not appointed its arbitrator and has does not followed reply to the invitation invitacion of the other contracting party to make such that appointment within two months of months, the arbitrator shall be appointed, appointed upon the request by of the latter Contracting Party by the President of the International Court of Justice.
(4) . If the two arbitrators cannot reach an agreement about the choice of the Chairman within two months dosmeses after their appointment the latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice.
(5) . If in the cases specified under in paragraphs (3) 3 and (4) 4 of this article, the President of the International Court corteinternacional of Justice justice is prevented from carrying out this the said function or if he is a national of either Contracting Party, the appointment shall be made by the Vice-President and if the latter is prevented or if he is a national of either Contracting Party, they will the appointment shall be made by the most senior member judge of the Court of greater seniority who is not a national of either of the Contracting Parties.
(6) . Unless the Contracting Parties decide parties agree otherwise, the tribunal shall determine its own procedureTribunal determines suprocedimiento.
(7) . The decisions of the Tribunal are final and binding on the contracting parties.
Appears in 2 contracts
Samples: Investment Agreement, Investment Agreement
Disputes between the Contracting Parties. (1) . Disputes between the contracting parties relating to Contracting Parties concerning the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) . If both contracting parties the Contracting Parties fail to reach a settlement agreement within six twelve months from the date on which after the dispute has arisenarisen between them, the latter dispute shall be submittedreferred, at the request of either contracting party Contracting Party to an arbitral tribunal composed consisting of three members. each Each Contracting Party shall appoint an one arbitrator. , and these two members will be elected chairman of the two arbitrators so nominated shall appoint a chairman who shall court, which should be a national citizen of a third State.
(3) . If one of the either Contracting Parties has not appointed Party fails to nominate its arbitrator and has not followed responded to the invitation of the other contracting party Contracting Parties to make such appointment within two months of months, the arbitrator shall be appointed, upon appointed at the request by of the latter Contracting Party by the President of the International Court of Justice.
(4) . If the two both arbitrators cannot reach an agreement about the choice President of the Chairman Court within two months after of their appointment appointment, the latter Chief Justice shall be appointed upon at the request of either any of Contracting Party by the President of Parties to the International Court of Justice.
(5) If . If, in the cases specified under provided for in paragraphs (3) 3 and (4) 4 of this articleArticles, the President of the International Court of Justice is prevented from carrying out this cannot perform said function or if he is a national citizen of either one of the Contracting Party, the appointment shall be made by the Vice-President and Chairman, if the latter is prevented also unable to do so, or if whether he is a national citizen of either one of the Contracting Party, they will Parties appointment shall be made by the next most senior member of the International Court of Justice who is not a national of either Contracting Parties.
6. Unless the Contracting Parties agree otherwise, the court itself determines its own procedures.
7. The decisions of the tribunal are final and binding each of the Contracting Parties.
(6) Unless the Contracting Parties decide otherwise, the tribunal shall determine its own procedure.
(7) The decisions of the Tribunal are final and binding on the contracting parties.
Appears in 2 contracts
Samples: Investment Agreement, Investment Agreement
Disputes between the Contracting Parties. (1) Disputes between the contracting parties Contracting Parties relating to the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) If both contracting parties fail to reach a settlement within six months from the date on which of birth of the dispute has arisenbetween themselves, the latter shall be submitted, at the request of either contracting party to an arbitral tribunal composed of three members. each Each Contracting Party shall appoint an arbitrator. one arbitrator and the two arbitrators so nominated thus appointed shall appoint a chairman who shall be a national of a third State.
(3) If one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other contracting party to make such appointment within two months of the arbitrator shall be appointed, upon request by the latter Contracting Party by the President of the International Court of Justice.
(4) If the two arbitrators cannot reach an agreement about the choice of the Chairman within two months after their appointment the latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice.
(5) If in the cases specified under paragraphs in paragraph (3) and (4) of this article, the President of the International Court of Justice is prevented from carrying out this function or if he is a national of either Contracting Party, the appointment shall be made by the Vice-President and if the latter is prevented or if he is a national of either Contracting Party, they will be made by the most senior member of the Court who is not a national of either of the Contracting Parties.
(6) Unless the Contracting Parties decide otherwise, the arbitral tribunal shall determine its own rules of procedure. It shall make its decision by a majority of votes. Each Contracting Party shall bear the costs of its own member of the Tribunal and of its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs shall be borne in equal parts by the contracting parties unless the tribunal decides otherwise.
(7) The decisions of the Tribunal are final and binding on the contracting partiesContracting Parties.
Appears in 1 contract
Samples: Investment Protection Agreement
Disputes between the Contracting Parties. (1) Disputes between the contracting parties Contracting Parties relating to the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) If both contracting parties Contracting Parties fail to reach a settlement within six months from the date on which the dispute has arisen, the latter shall be submitted, at the request of either contracting party Contracting Party to an arbitral tribunal composed of three members. each Each Contracting Party shall appoint an arbitrator. the The two arbitrators so nominated shall appoint a chairman who shall be a national of a third State.
(3) If one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other contracting party Contracting Party to make such appointment within two months of the arbitrator shall be appointed, upon request by the latter Contracting Party by the President of the International Court of Justice.
(4) If the two arbitrators cannot reach an agreement about the choice of the Chairman within two months after their appointment the latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice.
(5) If in the cases specified under paragraphs (3) and (4) of this article, the President of the International Court of Justice is prevented from carrying out this function exercising his mandate or if he is a national of either Contracting Party, the appointment shall be made by the Vice-President and if the latter is prevented or if he is a national of either Contracting Party, they will be made by the most senior member of the Court who is not a national of either of the Contracting Parties.
(6) Unless the Contracting Parties decide otherwise, the tribunal shall determine its own rules of procedure.
(7) The decisions of the Tribunal are shall be final and binding on the contracting partiesContracting Parties.
Appears in 1 contract
Samples: Investment Protection Agreement
Disputes between the Contracting Parties. (1) Disputes between the contracting parties relating to Contracting Parties concerning the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) If both contracting parties the Contracting Parties fail to reach a settlement agreement within six twelve months from the date on which after the dispute has arisenarisen between them, the latter dispute shall be submittedreferred, at the request of either contracting party Contracting Party to an arbitral arbitration tribunal composed consisting of three members. each Each Contracting Party shall appoint an arbitrator. one arbitrator and the two arbitrators so nominated shall appoint a the chairman who shall of the court, which must be a national citizen of a third State.
(3) If one of the a Contracting Parties has not appointed Party fails to appoint its arbitrator and has does not followed the proceed to do so within two months after an invitation of from the other contracting party Contracting Party to make such appointment within two months of an appointment, the arbitrator shall shall, at the request of that Contracting Party, be appointed, upon request by the latter Contracting Party appointed by the President of the International Court of Justice.
(4) If IIf the two arbitrators cannot reach an agreement about agree on the choice of the Chairman president of the tribunal within two months after of their appointment appointment, the latter president of the tribunal shall be appointed upon at the request of either Contracting Party by the President of the International Court of Justice.
(5) If in the cases specified under provided for in paragraphs (3) and (4) of this articleArticle, the President of the International Court of Justice is prevented from carrying out this cannot perform the said function or if he is a national citizen of either Contracting Party, the appointment shall be made by the Vice-President Vice- President, and if the latter is prevented also cannot do it or if he is a national citizen of either Contracting Party, they will the appointment shall be made by the most senior member of the Court who is not a national of either of the Contracting PartiesParty.
(6) Unless If the Contracting Parties decide agree otherwise, the tribunal shall determine court itself determines its own procedureprocedures.
(7) The Court's decisions of the Tribunal are final and binding on the contracting partiesfor each Contracting Party.
Appears in 1 contract
Samples: Investment Agreement
Disputes between the Contracting Parties. (1) Disputes between the contracting parties relating to the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) If both a dispute between the contracting parties fail to reach a settlement cannot be settled within six months from the date on which the dispute has arisenit was raised in writing by either contracting party, the latter it shall be submitted, at the request of either contracting party to an arbitral tribunal.
(3) Such an arbitral tribunal composed shall be constituted for each individual case in the following way. within two months of three members. the receipt of the request for arbitration, each Contracting Party shall appoint an arbitratorone member of the Tribunal. the these two arbitrators so nominated members shall appoint a chairman who shall be agree within two months a national of a third State.
(3) If one State who on approval of the two Contracting Parties shall be appointed Chairman of the Tribunal. the consent of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other contracting party to make such appointment within two months of the arbitrator shall be appointed, upon request by the latter Contracting Party by the President of the International Court of Justicegiven within one month.
(4) If the two arbitrators cannecessary appointments have not reach an agreement about been made within the choice of the Chairman within two months after their appointment the latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice.
(5) If periods specified in the cases specified under paragraphs paragraph (3) and (4) of this article, either Contracting Party may, in the absence of any other agreement, invite the President of the International Court of Justice is prevented from carrying out this function or to make the necessary appointments. if he the President is a national of either Contracting PartyParty or is prevented from carrying out the said function for another reason, the appointment shall be made by the Vice-President and shall be invited to make the necessary appointments. if the latter is prevented or if he Vice- President is a national of either Contracting PartyParty or is prevented from carrying out the said function for another reason, they will be made by the most senior member of the International Court of Justice who is not a national of either of Contracting Party shall be invited to make the Contracting Partiesnecessary appointments.
(65) Unless the Contracting Parties decide otherwise, the tribunal shall determine its own rules of procedure.
(7) The . it shall reach its decisions by a majority of votes. the decisions of the Tribunal are shall be final and binding on the contracting parties.
(6) Each Contracting Party shall bear the costs of its own member of the Tribunal and of its representation in the arbitration proceedings; the cost of the Chairman and the remaining costs shall be shared equally by the contracting parties.
Appears in 1 contract
Samples: Investment Agreement
Disputes between the Contracting Parties. (1) . Disputes between the contracting parties relating to the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) . If both contracting parties fail to reach a settlement within six months from the date on which of the dispute has arisenarises, the latter shall be submitted, at the request of either contracting party to an arbitral tribunal composed of three members. each Contracting Party shall appoint an arbitrator. the two arbitrators so nominated shall appoint a chairman who shall be a national of a third State.
(3) . If one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other contracting party to make such appointment within two months of the arbitrator shall be appointed, upon request by the latter Contracting Party by the President of the International Court of Justice.
(4) . If the two arbitrators cannot reach an agreement about the choice of the Chairman within two months after their appointment the latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice.
(5) . If in the cases specified under in paragraphs (3) 3 and (4) 4 of this article, the President of the International Court of Justice is prevented from carrying out this function or if he is a national of either Contracting Party, the appointment shall be made by the Vice-President and if the latter is prevented or if he is a national of either Contracting Party, they will be made by the most senior member of the Court who is not a national of either of the Contracting Parties.
(6) . Unless the Contracting Parties decide otherwise, the tribunal shall determine its own rules of procedure.
(7) . The decisions of the Tribunal are shall be final and binding on the contracting parties.
Appears in 1 contract